Pictet hedge funds chief to depart

Jean-Pierre Selvatico, head of Hedge Funds and member of the investment committee of Pictet Alternative Advisors, is set to depart the firm, InvestmentEurope can exclusively reveal.

Selvatico joined Pictet Alternative Advisors in 2010 as a senior hedge funds analyst and portfolio manager.

As of 31 December 2015, Pictet Alternative Advisors had some $11bn (€9.9bn) of assets under management invested in 135 offshore and Ucits hedge funds.

According to various sources, Selvatico is set to join Systematica Investments, launched in January 2015 by former members of BlueCrest Capital Management.

Systematica Investments has declined to comment the information.

Founded by Leda Braga – former president and head of Systematic Trading at BlueCrest – it managed around $10.2bn (€9.18bn) of assets under management as of 1 March 2016 across futures and equity based strategies.

Systematica Investments has offices in Jersey, Geneva, London, New York and Singapore.

Prior to joining Pictet, Selvatico was a managing director at Barclays Capital in London in charge of the European interest rate option desk.

He began his career in 1993 at JP Morgan London as a quantitative researcher and then moved to the interest rate swaps market-making desk.

From 1997 to 2000 Selvatico managed the Dollar option desk for JP Morgan in New-York. He also worked at Credit Suisse First Boston in London from 2002 to 2004.